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20121210
20121210
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FOX News
Dec 10, 2012 10:00am PST
to "america live," everyone, i'm megyn kelly. the president is in detroit, michigan, at this hour touring a daimler auto plant. the appearance is part of an attempt to pressure republicans to accept his plan to both raise taxes and add billions in new stimulus spending. but literally just a few miles away an embarrassing story is developing with a company the taxpayers put a lot of dough into. it's called a123. that's a car battery maker. they supply batteries for electric cars. that filed for bankruptcy after burning through almost $200 million of your stimulus money. here is the president praising that company in happier times. [applause] >> i am calling to congratulate a123 systems on this tremendous milestone. as you said, thanks to the recovery act, you guys are the first american factory to start high-volume production of advanced vehicle batteries. megyn: well, today we're learning that this battery company is being purchased by the chinese. that same company that burned all that stimulus money is now in the hands of the people who loaned us some of the money that the federal gover
Search Results 0 to 1 of about 2 (some duplicates have been removed)